On August 27, 2025, several large cryptocurrency whale investors significantly increased their holdings of Ethereum (ETH). Four whale addresses purchased $69.4 million of ETH from FalconX, raising their combined holdings to $140 million. Shortly thereafter, the same group acquired an additional $56.02 million worth of ETH, bringing their total holdings to approximately $196.5 million. Separately, a Bitcoin (BTC) whale converted $1.2 billion worth of BTC into ETH, acquiring 96,531 ETH valued at $437 million. This surge in Ethereum demand coincides with reports of Binance whales selling large amounts of both ETH and BTC. Market observers are closely watching these movements as they may indicate a potential upward trend for Ethereum in the fourth quarter of 2025.